B&Q owner looks fine – fears for other firms if ‘softening’ retail market turns soggy - short news
Kingfisher raises profit expectations for financial year from £480m-£540m to £540m-£570m
Just what an embattled chancellor needs on the eve of a tax-raising budget: a leading retailer upping its profits forecast and singing about the joys of the UK economy.
Unfortunately, only the first bit is true. Kingfisher, owner of B&Q and Screwfix (and similar businesses in France and Poland), raised its profit expectations for its current financial year from £480m-£540m to..
source: The Guardian - 25.11.2025